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CNN
Feb 16, 2013 9:30am EST
know what we've recovered from. the minimum wage economy, is that what we're recovering to? good morning, i'm christine romans. 28 months in a row, 6.1 million jobs created in the past three years, but the jobs we're adding are not the same quality as the jobs we lost. survey from rutgers university finds 60% of people who found work in six months settled for lower pay. these aren't jobs you can send a kid to college on or buy a house. president obama detailed his blueprint for boosting the middle class. the only new proposal was an old one, raising the minimum wage. >> let's declare that in the wealthiest nation on earth, no one who works full time should have to live in poverty and raise the federal minimum wage to $9 an hour. >> free action was swift and fierce. conservatives say, hey, that's a jobs killer. progressives say it lifts families out of poverty. the problem, you can't find studies to support just about any position. a study found the new minimum wage actually means fewer jobs for low-skilled workers but a study by alan krueger concludes minl mihm wage hikes dewpoin
CNN
Feb 17, 2013 1:00pm EST
two biggest economies in the world. first up, on tuesday in the state of the union, president obama challenged congress to vote on proposals to get weapons of war off our streets. but will it happen? can it happen? we'll talk to a world leader who made it happen in his nation. >>> then, larry summers on how to create jobs in america. the former treasury secretary on how the president can achieve the goals he laid out for the economy. >>> then, many worry that the world's second largest economy is headed for a crash. a rare inside look at the inner workings of the chinese economy. what's really happening there? >>> also, what in the world will get north korea to end its nuclear ambitions? i'll give you my plan. but, first, here's my take. president obama's state of the union address presented an expanded vision of smart government to create jobs and revive the economy. it had many important ideas in it. yet, he lowered his sights on the single policy that would both jump start the economy in the short term and create the conditions for long-term growth. infrastructure spending, havin
CNN
Feb 17, 2013 3:00pm EST
gathering strength as our elected official once again seem prepared to take the american economy to the brink of destruction. this time over a march 1st deadline for the across-the-board government cuts known as the sequester. >> this is not a game. this is reality. >> i don't like the sequester. it's taking a meat axe to our government. >> these steps would seriously damage the fragile american economy. >> still fragile enough that four years after the recession the u.s. economy actually shrank in the last three months of 2012. the storm clouds were ready to blow away and washington basically called them back. >> i think we're all aware that we have some urgent business to do. >> if not for indecisive, uncompromising, and polarizing politicians, america's economy could take off again. >> we are producing more energy and america can become an energy exporter. >> we're in the midst of an energy boom and it's lowering the price of electricity and bringing manufacturing back to america. a housing boom fueled by the lowest interest rates in history. and 35 months of private sector job creat
CNN
Feb 23, 2013 1:00pm EST
zuckerberg. i'm fredricka whitfield. "your money" starts right now. >>> an economy poised to soar is now under attack from its own government. i'm ali velshi. this is "your money." your political leaders are punishing themselves for gross inaction. and they're doing it the only way they know how, by targeting you. four government spending cuts take effect march 1st, what washington has been calling the sequester. it's a stupid name for a stupid thing. >> these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cults over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester, and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced budget cuts were created during the 2011 debt ceiling debacle. they were passed by congress and signed by the
CNN
Feb 23, 2013 9:30am EST
turning around, stock market near all-time highs, housing market recovering and the economy adding jobs every month. now relief may have given way to a little bit of worry. here's why. it's starting to feel like a recession again, especially if you're living paycheck to paycheck, gas prices up nearly 50 cents in the past month. the fastest run-up, you're bringing homeless money, thanks to the expiration of the tax cut. you're getting about 60 bucks less every month. rents are rising, up 12 quarters in a row now. unemployment is still too high. if you were counting on an early tax refupd you have had to wait. because of the fiscal cliff fiasco, the irs did not start issuing refund checks until january 30th. a stretched consumer, a consumer who has no choice but to cut back. big companies you work for say this is already happening. this week, walmart, the proxy for the american consumer says february sales were slow. why? it blamed gas prices, the end of the payroll tax holiday and those delayed tax refunds. that's what we know. washington to the rescue? of course not. on friday come
CNN
Feb 16, 2013 1:00pm EST
renaissance may be at hand for the u.s. economy? find out right now on "your money." >>> despite a recession in europe, major mergers in the united states show evidence that business is picking up. america could be on the road to prosperity if not for our politicians standing on the way. i'm ali velshi. this is "your money." there's ap economic storm hovering just off our shores. the headwinds are gathering strength as our elected official once again seem prepared to take the american economy to the brink of destruction. this time over a march 1st deadline for the across-the-board government cuts known as the sequester. >> this is not a game. this is reality. >> i don't like the sequester. it's taking a meat axe to our government. >> these steps would seriously damage the fragile american economy. >> still fragile enough that four years after the recession the u.s. economy actually shrank in the last three months of 2012. the storm clouds were ready to blow away and washington basically called them back. >> i think we're all aware that we have some urgent business to do. >> if not
CNN
Feb 19, 2013 5:00am EST
should provide insight into the health of the economy. >> and brand new this morning, a really shocking report that the chinese military may be behind hacking targeted at the u.s. kristina is here with news on that. this is kind of a huge business. >> it is. it is a business story. you talked about intellectual property in the united states. you're talking about companies and what they build and what they make and sell around the world. very concerned about what one group is calling an extensive cyber espionage campaign by the chinese military. not only a national security threat. it is also a huge risk to american business. economists have no idea how much it actually costs the u.s. economy. but this he know it's billions. we've seen estimates from a few billion to as much as $100 billion a year of lost american business because of chinese hacking. and critics of chinese hack ig say what china lacks in innovation it makes up in the intellectual property theft. the cyber security firm mandian says the sure scale and duration of the sustained attacks against a wide set of indust
CNN
Feb 21, 2013 11:00pm EST
trillion economy. that's a really, really tiny slice of the thanksgiving pie, people. there is no need to cut from the vulnerable when it should be easy to cut the amount of money we're talking about from other places. so why is all we hear, the republicans won't do this, the democrats won't do that? danielle altman is an economics professor at ncu. daniel, one thing to acknowledge here, finding $85 billion should be no problem. $85 billion is a really small chunk of the change we actually need to find. so even if you cut from the right places, if you cut the right amount, it would hurt people, and i think we have to be honest about that, but the cuts we're talking about right now impact a lot of people, but brutal and dangerous for the economy? >> well, the thing is this. that it's $85 billion until the end of this year, but then we have these cuts maintained, and enlarged in some cases, going forward over the next seven years. so we've got almost $1 trillion in cuts. so if the sequester goes forward -- >> but over that ten-year period, you have to multiply that times ten too. >> but exp
CNN
Feb 19, 2013 11:00pm EST
, something must be done. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is a fail too. after all, the feared forced cuts are 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped, feari
CNN
Feb 20, 2013 1:00am EST
safety, national security or the economy. -- or our economy. but once again the president offered no credible plan that can pass congress -- only more calls for higher taxes. mitch mcconnell had this to say in a statement after the president's speech. quote, today's event at the white house proves once again that more than three months after the november election, president obama still prefers campaign events to commonsense, bipartisan action. if anyone is waiting for any last-minute deals, they better not hold their breath waiting for them to come from mitch mcconnell. here's what he said to reporters a week ago. >> it's pretty clear to me that the sequester is going to go into effect. read my lips. i'm not interested in 11th hour negotiation. >> so congressional republicans are definitely striking back at the president, saying he can prevent damage to essential services by cutting from other areas of government. earlier i spoke with the republican senator rand paul of kentucky. senator, the president spoke today about those forced budget cuts. he had some pretty tough words for rep
CNN
Feb 19, 2013 9:00am EST
destroy the economy when we're on the uptick. >> i want to fete g et in the facebook comments. what would you say to congress to avoid the forced budget cuts? try try doing something constructive. and tough times for for tough cuts. when you're broke, you don't do shopping. keep the conversation going, facebook.com/carolcnn, or tweet me @carolcnn. president obama is set to speak just moments from now. i want to thank our guests. thanks so much for playing today. we'll be right back. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're
CNN
Feb 22, 2013 2:00pm EST
economy is softer, it also planes we're not going to be driving down unemployment as quickly as we should. so with respect to world leaders, i think that unlike issues like the debt ceiling, the sequester going into effect will not threaten the world financial system. it's not like the equivalent of the u.s. defaulting on its obligations. what it does mean, though, is that if the u.s. is growing slower, then other countries grow slower because we continue to be a central engine in world economic programs, so i don't think anybody would like to see this outcome. and particularly when we're poised to grow rapidly as housing comes back and we're starting to see real signs of the recovery taking root, it's the wrong prescription. but ultimately i don't need to persuade world leaders. they know that. i need to persuade members of congress and that can be harder sometimes. >> even if you think a deal -- even if you think the cuts are inevitable, do you see any realistic sign of being able to reach a deal over the next week? >> hope springs eternal. i will keep on making my case not only
CNN
Feb 21, 2013 12:00pm EST
pastor. we'll hear from the pastor up next. >> is same sex marriage good for the economy? financial experts suzy orman says it is. she will explain. mission was to get all six james bond actors reunited at the oscars but that mission reportedly a dud. instead can you get your bond fix here? yes. we'll take a look at 007. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. anti-depressants can increase these in children, teens, and young adults. cymbalta is not for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, including those for migraine and
CNN
Feb 22, 2013 7:00pm EST
budget, that's going to have a big effect on the economy. >> the transportation secretary ray lahood spoke at the white house briefing today. all of you listen to this. >> there has to be some impact in order to save $1 billion. $1 billion is a lot of money. >> let's be clear, it's less than 2% of your budget -- >> it's a lot of money, jonathan. where i come from, which is central illinois, $1 billion is a lot of money. >> all right, john, jump in here. this is the tricky part, i think. $1 billion is a lot of money and i think daniel had a good point there. on the other hand, there are all sorts of businesses, all sorts of families, all sorts of states that have had to suck up bigger cuts and they haven't screamed that everything is falling apart at the hinges. is there political opportunism here? >> there's definitely political theater but this whole plan was supposed to be so stupid that it would compel the two parties to come together. the grant bargain but the parties can't seem to come together. what you're hearing is the washington monument gambit. they highlight the most painf
CNN
Feb 21, 2013 7:00am EST
west before then. but iran's economy is really hurting because of these biting sanctions on their oil sector and central bank. take a look at this. in the last year alone, the iranian currency has fallen 80%. so the u.s. and its partners feel maybe the rulers are getting desperate and could seriously negotiate after the elections. in the short term it might be good to get the talks going again and see what iran really wants. >> elise, thanks. >>> coming up, one of the most anticipated retail reports of the year from walmart just into cnn. we'll tell you the numbers and also what it means for the economy when we come back. dermatologist recommended [ ] aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. so skin can replenish itself. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're c
CNN
Feb 18, 2013 7:00am EST
-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actually like bing way more than google when it came to the results? prove it. let's look up some taco places. i like the left side. yeah? okay, do we need to find out what the waves are like down at the beach? what side do you like better? i like the results on the right. i'm gonna go with the one on the left. oh! bing won! people prefer bing over google for the web's top searches. don't believe it? go to bingiton.com and see what you're missing. >>> welcome back, everybody. 7:30 on the east coast. a man accused of slapping a crying toddler on a delta flight is now out of a job. joe hundley is no longer being employed. the parents of the 19-month-old boy are still in shock. renee marsh following the story from washington, d.c. >> fired, that's the word from joe hundley's co
CNN
Feb 21, 2013 5:00am EST
before these elections. but iran's economy is really hurting because of these biting sanctions the u.s. and european union slapped on them. this ban on oil and in the last year alone, iranian currency has fallen 80%. so the u.s. and its partners feel it's good to get the talks going, see what iran wants. the hope is maybe they'll feel the crunch and deal seriously after the elections because people are really hurting. >> all right, thank you so much. >>> 18 minutes past the hour. we have breaking news just in to cnn. a car bomb targeting the headquarters of syria's ruling party exploding in central da mat cuss. syrian state television reporting an undisclosed number of casualties. the vehicle detonated at a checkpoint manned by government soldiers in front of the barge socialist's main office. this is according to a human rights group. we'll have updates on this breaking news story throughout the morning for you. >>> all right, also happening now, day three of oscar pistorius' bail hearing. we're waiting to see if pistorius will be released. court resumed after they located the lea
CNN
Feb 24, 2013 10:00am EST
bingiton.com and see what you're missing. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. [heart beating] [heartbeat continues] [heartbeat, music playing louder] ♪ i'm feeling better since you know me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >> you guys ran iran back in the '90s? >> i don't know. >>> it's oscar time and best picture nominee "zero dark thirty" has brought the topic of waterboarding to the front. it makes the case t
CNN
Feb 17, 2013 11:00am EST
percent or more. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. i took something for my sinuses, but i still have this cough. [ male announcer ] a lot of sinus products don't treat cough. they don't? [ male announcer ] nope, but alka seltzer plus severe sinus does it treats your worst sinus symptoms, plus that annoying cough. [ breathes deeply ] ♪ oh, what a relief it is! [ angry gibberish ] investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay...
CNN
Feb 21, 2013 10:00pm EST
and how he survived when "360" continues. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> keeping them honest. tonight, more secrets to share with you about the high cost of health care. what we're going to show you could save you money, possibly lots of money the next time you get a bill from a hospital. we've partnered with "time" magazine. the special report called "bitter pill: why medical bills are killings us." a journalist spent seven months investigating and what he found is jaw dropping. drew griffin is digging on our end, finding why a lot of people are profiting on your high bills, even those hospital who's call themselves nonprofit. how are hospitals pulling in so much money? oh, let us count the ways. here's part two of drew's report. >> reporter: pat palmer has built a business around helping patients fight hospital bills. she says in no other business are all of the costs of doing business itemized and billed separately. you don't have a separate electricity bill added on to your grocery
CNN
Feb 20, 2013 7:00pm EST
our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices. now it's time for the speaker to do the same." then he had a link to an 80-page proposal from september, including war savings, it includes tax reform, which of course they want. it doesn't fully lay it out by any stretch of the imagination. so jay carney was asked what specifically will the white house cut and here's what jay carney said. >> it's in the proposals he submitted to the speaker of the house that the speaker walked away from -- >> where does the president prevent sequestration from happening? shouldn't the president take the lead and present that -- >> well, first of all, congress has to act. >> all right. it's frustrating, no matter what your point of view, politically is, isn't
CNN
Feb 21, 2013 9:00am EST
next seven months and the economy will slow again and won't that be fun? as for the president, he's sitting down with local news anchors to urge congress to act while his men continue to play the exhausting blame game. >> we can't do anything without the house republicans doing something and their view is these cuts should happen. they've made a political decision that these automatic cuts should go into effect, which means that there are americans working today who will lose their jobs. that's a choice they're making. >> whatever. just do something. so the talk back question for you today, who is to blame for forced spending cuts? facebook.com/carolcnn or tweet me @carolcnn. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. be
CNN
Feb 16, 2013 7:00am EST
. prices for an average domestic economy airfare have dropped from 199 from $579 then to $365 now. at the same time, the number of airlines has been shrinking after airline deregulation came into effect, there were 20 major airlines in the u.s., by 1990, only 12 in operation, today just seven, and with u.s. air and american merging, we'll be down to six. u.s. air and american don't have a lot of overlapping routes or hubs. in the end, there'll be about eight routes out of the combined 900 or so that will only be served by one airline. >>> how about the state of north dakota? they have the fewest number of residents who say they are gay, lesbian, bisexual, or transgender. that's according to a new gallup survey. i want to break it down for you, topping the list, the nation's capital, washington, d.c. at 10%, hawaii was the next at 5.1%, tieing for third, vermont and oregon at 4.9%. just 1% of north dakotans say they are gay or lesbian, 1.7%. >>> american soccer player robby rogers has made an amazing revelation. he says he's gay and retiring from professional soccer. he says soccer has
CNN
Feb 23, 2013 7:00am EST
fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. kniss is not an abstraction. people will lose their jobs. >> reporter: you heard the big numbers. 1.2 trillion dollars in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the presidential sequester and the president laid out no plan toe eliminate the sequester and the harmful cuts that will come as a result of it. >> reporter: the forceful cuts were created during the debt ceiling debalk's, passed by congress and signed by the white house. a worst-case scenario that would be so bad it would force lawmakers to make a deal. now it's become a poison pill that the nation may have to swallow beginning march 1st, and if it happens, 70,000 children kicked off headstart programs, putting more than 14,000 teaching and staff jobs at risk. fewer inspections for things like horse meat in your burgers. cuts to mental health programs mean almost 400,000 seriously mentally ill people will go untreated. homelan
CNN
Feb 22, 2013 4:00pm EST
in a way that doesn't endanger our economy and jobs. >> reporter: now, just to hammer that message home, the white house sent out ray lahood to talk to reporters at the white house briefing. he talked about what he called a cal c calamity if these cuts go through. 47,000 faa employees are facing furloughs. that would result in delays at the airports and air traffic control would not have the staff that they normally would have and they might be closed altogether at the small air traffic control offices. here's what the transportation secretary had to say. >> flights to major cities, like new york, chicago, san francisco, and others could experience delays up to 90 minutes during peak hours because we have fewer controllers on staff. delays in these major airports will ripple across the country. >> reporter: now, earlier today, house speaker john boehner sent out a tweet complaining that the president is spending more time trying to blame republicans that he's actually engaging in negotiations and i can tell you from talking to both the speaker's office and the office of senate mino
CNN
Feb 17, 2013 6:00pm EST
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CNN
Feb 17, 2013 12:00pm EST
cuts. >> please, i would like to finish what i'm saying here. 750,000 jobs will be lost. the economy will shrink by 6%, and what we've produced is very simple. it's closing loopholes. the only people who support them are the people who benefit them from them, oil and gas loopholes, the idea that businesses shouldn't get breaks by sending jobs overseas, the idea that someone who makes over $1 million should pay a higher rate than others, and whether it's right on the eve of sequestration or if god forbid it has to take effect for a few days, the devastating effects will be so strong. the president will be out there on his bully pulpit that just like on the fiscal cliff republicans will come on board. they have no choice. their arguments are untenable and don't meet the favor of hardly anyone other than themselves and the few whose special interests they are protecting. >> let me move you on to immigration simply because we now see the white house sort of draft immigration bill, at least the skeleton of it, has been leaked out there. we know that democrats had been saying to the white
CNN
Feb 24, 2013 11:00am EST
. in your case, romney's message was about the economy. >> actually, it was a time when they wanted a news story every day. now, they need a news story every two hours. and that's a great pressure on these reporters. i'm very sympathetic to. i think that the idea that there's a filing deadline and when we came up. they have tremendous amount of pressure on them now. i mean, as you know better than i. and it's to get this, to get that. and it's, it creates, i think, an environment that is very conducive to the creation of news, the invention of news that there is none, so therefore we will invent it. >> in that environment, since you bring that up, do you think that twitter and the need to have something to say and something provocative to say or something snarky to say every 20 seconds has hurt campaign coverage? do you think it hurt the romney campaign? >> i think we used it to our advantage in many cases. you take this hillary rosen little flap. >> she criticized ann romney for career choices. we were able to use twitter to our advantage. >> you don't tweet yourself, although i know
CNN
Feb 16, 2013 7:00pm EST
stimulate the economy. >> we need to launch manufacturing hubs across the country that will transform hard hit regions into global centers of high tech jobs and manufacturers. we need to make the tax code more competitive. and reward companies that create jobs here at home. >> in her party's weekly address, alabama congress woman blamed the president for the billions in spending cuts that could take effect on march 1st. >> as the clock is ticking towards his devastating sequester the president has failed to put forward a plan to prevent it, why? because president obama and senate democrats see his sequester as an opportunity to push through another tax increase. >> roby said that the president should consider the alternative budget cuts already passed. marco rubio is headed to the middle east, he left today on a week will have long trip that will take him to israel and jordan. the trip comes days after rubio delivered the republican response to president obama's state of the union address. when drones are used to save the lives of american soldiers we are glad to have them. but what about
CNN
Feb 20, 2013 5:00am EST
on. >> these cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an ob tracks. people will lose their jobs. the unemployment rate might tick up again. >> the president criticized republican ideas for avoiding the cuts because they ask nothing he says from the wealthiest americans or from big corporations. >>> just when you thought the government had run out of things to tax, oh, no. a houston suburb with a budget problem has started to charge a crash tax. start next month. drivers will pay up to two grand for road service depending on how bad their auto wreck is even if they don't call for help. i mean, if the county has to pay to help, you know, move those -- >> the pictures of the crashes that they were showing, horrific. all right. thank you for that. >>> 18 past the hour. tennessee police officer may need a course after confusing a buckeye sticker with a pot leaf. they were driving home from a funeral in ohio when they got pulled over in tennessee. the officer did not rec
CNN
Feb 23, 2013 11:00am EST
of -- since graduating i'm still struggling with. >> reporter: he's not alone. >> our economy is adding jobs, but too many people still can't find full-time employment. >> reporter: when president obama took office, 135 million americans were working in nonfarm jobs. today after massive losses and a slow recovery, 1.2 million jobs better off and many pay less than those that were lost. a study by the college for affordability found almost half of college graduates are in jobs that do not require four-year degrees. things like janitorial services, taxi driving and retail sales. professor richard vetter at ohio university helped author that study. >> let's say each one of them were making $20,000 a year more in income which was -- require plausible, we're talking about $400 billion a year in lost wages. >> reporter: numbers like it have made some economic analysts argue that underemployment may be every bit as damaging to the economy as unemployment. and kelich irwin is caught in the middle of it all. he's taking freelance jobs and part-time work with moving companies but -- >> the
CNN
Feb 19, 2013 11:00am EST
the 1990s when bill clinton was president nothing shrinks the deficit dpaster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs, ewinning how people with the skills required to fill those jobs. making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on every single day. that's what american people expect. that's what i'm going to work on every single day to help deliver. so i need everybody who's watches today to understand, we've got a few days, congress can do the right thing, we can avert just one more washington manufactured problem that slows our recovery and bring down our deficits in a balanced with, responsible way. that's my goal, that's what would do right by these first respond irs, that's what would do right by america's middle class. that's what i'm going to be working on and fighting for not just over the next few weeks, but over the next few years. thanks very much, everybody. thank you guys for your service. >> th
CNN
Feb 24, 2013 7:30am EST
economy more money. so look, here's the important part, sanjay. cuts probably need to happen. these are not -- these are not the right cuts. these were not meant to be the thing that was supposed to solve the problem. this was supposed to be the thing that congress avoided at all costs. so if these cuts go through, it will eviscerate a good part of medical services and that 2% going to medicare. there is not a lot that's been cut to entitlements, but medicare is going to take that cut. >> it is remarkable to think about the impact. and jake, i think this is a sentiment that, look, they're going to figure it out. this can't possibly really be happening. we've seen this before, even. as recently as last year. jake, what do you say to people who say that to you? >> well, i never have a lot of confidence in washington's ability to get its house in order. this was, remember, a solution to a problem in 2011. the budget control act, when congress finally agreed to pay the debt on money that the government had already spent. and part of the solution was to set up the super committee, which i th
CNN
Feb 16, 2013 10:00pm EST
help with family values and help rebuild our economy. the president's talk about preschool education, which is only available for only three out of every ten children. that is such a great investment in our future. our nation used to lead the world on secondary education, on college education. but we've fallen behind the world on preschool education. and we've seen in study after study, the rate of return is fantastic in terms of helping young people become more responsible, seek careers and jobs. but what was missing from the speech was the president's failure to challenge his party, my party, to engage in entitlement reform, for example. i think that is certainly a role that he has to play to move the debate to the center and to really bring about a consensus about an economic recovery. >> moving on, this was a moment that went viral. marco rubio's response. he's a rising star in the gop. gets his moment in primetime. but his lunge for the water bottle steals the spotlight. look. >> nothing's frustrated me more than false choices like the one the president laid out tonigh
CNN
Feb 17, 2013 5:00pm EST
plants out of business. deb? >> saving the environment and trying to rejolt the economy. all right. chris lawrence, thanks for us there in washington, d.c. appreciate it. >>> a mother flying to atlanta tries to soothe her crying child. that's when police say a fellow passenger actually slapped the boy and yelled out a racial slur. parents describe the traumatic incident just ahead. >>> mixed martial arts, a sport that's exploding in popularity in the u.s. going to tell you why. >>> also, remarkable guide dogs, trained by a woman whose hollywood pedestrian grill is very well known. we will talk live to entertainer lauren aluft, daughter of judy garland. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlar
CNN
Feb 20, 2013 7:00am EST
, the economy comes to life. norfolk southern. one line, infinite possibilities. ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team, compared oladipo to michael jordan and dwyane wade. for the first time in 22 years, indiana beats michigan state on the road. >>> boy, oh, boy. joe johnson the hero for the brooklyn nets last night. he hit not one, but two shots to help his team win in overtime again. that three-pointer forced overtime and then back to john in overtime. he nails this shot for the ball game. the nets, 5-0 in overtime. nba best 10-0 in overtime last season. >>> a bet a bar bet started this this drummond, wisconsin. makeshift barstools race in the snow. use anything around the house you can find, attach it to a bar school and then race to the finish line. >> last year, we were able to do a pinball machine. we like to put unique things that people can't normally get their hands on on skis. >> i talked to a couple registered. and i said, geez, you are here for anothe
CNN
Feb 21, 2013 2:00pm EST
issuing an apology. >> thank you so much for bringing that to us. when it comes to the economy, does wal-mart know something the rest of us don't? the link between sales and your wallet. wiand a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> the world's largest retailer is sharing sales projections for the coming weeks and wal-mart expects sales in their american stores to be right where they were one year ago. a lot of people are wondering what's going on with the customers. wal-mart is considered an economic bell weather. what it say about the economy? >> wal-mart is the world's biggest retailer. we look at wal-mart and the earnings reports. the most receipt one. some of the comments show that the discount shopper did pull back and was cautious from the beginning of this year. note so sur
CNN
Feb 19, 2013 2:00pm EST
day those seek res make us strong as an economy. these breaches are very, very, very common. we deal with breaches on wide scales all the time and almost always originating from the chinese government. >> pretty frightening. david mckenzie, thanks for your insight. >> sure. >>> up next, our tailly topics debate including run, hide and fight? plus hillary clinton's next career move follows in the footsteps of her husband, former president clinton. a mysterious message on facebook leads a woman to news about her missing son. details of why this woman is so furious with police. the panelists will be revealed for you next. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help y
CNN
Feb 18, 2013 10:00pm EST
your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. >>> pain at the pump. we'll tell you how high the prices are soaring, up for 32 straight days, next on "360." the good they did inspires us, prepares us and guides us. at new york life, everything we do is to help you keep good going. [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums >>> if you have been following "ac 360's" reporting on all of the teenagers being murdered in chicago, you have already heard the words enough is enough. you have heard it after each kid is gunned down, but we heard it the loudest after a 15-year-old girl, hadiya pe
CNN
Feb 22, 2013 5:00am EST
concern that high gas prices and higher payroll taxes and pinching consumers wallets as the economy gaining momentum. where can you get a break? maybe with your cup of coffee. kraft is cutting the price of maxwell house. and foll and folgers also dropped prices earlier this week. kraft is worried about consumers cutting back. walmart also expressed concerns in is earnings report. >>> one week. that's how long congress has to avoid massive forced spending cuts. cuts to defense and many government programs hit march 1st. check out full coverage of what we're expecting from the so-called sequester. big spending cuts. >> thank you, christine. >>> 25 minutes past the hour. word a huge ruling in the oscar pistorius case is coming down within the hour. will he get bail? we'll dig into that, when we come back. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco
CNN
Feb 18, 2013 4:00pm EST
will be happy too. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> senator john mccain's been pressing almost everyone from the military's top brass to the white house for answers about last september's dead lei taly on the u.s. consulate in benghazi, libya. now he's accusing the obama administration, i'm quoting him now, of a, quote, massive cover-up. let's bring in our pentagon correspondent barbara starr. she's working this story for us. how those are pretty stinging and strong words, barbara. >> reporter: absolutely, wolf. you know, the whole benghazi situation has already led to delays in confirming some of president obama's key appointees. chuck hagel at defense, john brennan at the cia, and no
CNN
Feb 17, 2013 7:00pm EST
prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> ted nugent, the motor city madman, there he is, one of the more unlikely audience members who was invited to the president's state of the union speech this week. the outspoken gun rights advocate and former rock star shoots straight from the hip and from the lip when it comes to firearm restrictions. what you may not know is nugent can be kind of a softy, especially when it comes to his grandchildren. here is nugent in our re
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